Register
Login:
Share:
Email Facebook Twitter

CHAR Share Chat - RSS Feed

Chariot Oil Share Chat (CHAR)



Share Price: 11.50Bid: 11.50Ask: 11.75Change: -0.25 (-2.13%)Faller - Chariot Oil
Spread: 0.25Spread as %: 2.17%Open: 12.00High: 12.00Low: 11.50Yesterday’s Close: 11.75


Share Discussion for Chariot Oil (CHAR)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


FQ320MR
Posts: 1,462
Observation
Opinion:No Opinion
Price:15.75
Board
25 Aug '14
I can vouch for Old Cobbler, we have met on a few occasions he is a very grounded guy not prone to exaggerate

MR
 
Blackfisk21
Posts: 699
Off Topic
Opinion:No Opinion
Price:15.75
Chatter
25 Aug '14
OldCobbler's report reminded me of what Jimmy originally said about the placing; Hi Tarles
My thinking was as follows.
Based on information on page 10 of the UK roadshow it shows the use of funds.
We start the year with $56.7 million, less the planned 2014 expenditure of $33 million leaves a year end cash balance before new finance of $23.7 million, out of which $15.6 million had been pledged as security for exploration licence guarantees which leaves a free cashflow of $8.1 million.
If the Central Block farm out was delayed pending its licence renewal it means Chariot must renew the licence and post the performance bond from its $8.1 million of free cash, and because the farm out funds from Morocco are net yet in that poses a funding problem for August,
Since the Central Blocks are so highly prized one would not want to take any chances that there could even be a technical default of the licence obligations that might prevent renewal.
Just my thinking of course,

Jimmy
poll
Posts: 647
Observation
Opinion:No Opinion
Price:15.75
OldCobbler1
24 Aug '14
Thanks for posting notes from EGM over on iii.

Some very positive comments. I know certain posters (Wheep0) think it's a waste of time P I s being in contact with Chariot but I found OldCobbler1's notes very interesting.

Definitely think time is running out to accumulate at these prices!
Goonerpete
Posts: 556
Observation
Opinion:Hold
Price:15.75
View Thread (2)
RE: iii chat
24 Aug '14
It will be most exciting when we have some facts to chew on and no more speculation !

COYS ! :-)
Blackfisk21
Posts: 699
Off Topic
Opinion:No Opinion
Price:15.75
View Thread (2)
iii chat
24 Aug '14
Am very excited by Old Cobbler's report from the EGM - potentially two farm-in partners! BP and Petrobras perhaps?
mcfcnige
Posts: 2,927
Off Topic
Opinion:No Opinion
Price:15.75
View Thread (2)
RE: All together now !!
22 Aug '14
Wavey will know what i mean :-)
Goonerpete
Posts: 556
Observation
Opinion:Hold
Price:15.75
View Thread (2)
All together now !!
22 Aug '14
DRILL COMMITMENT !!!!!
mcfcnige
Posts: 2,927
Observation
Opinion:No Opinion
Price:15.75
View Thread (2)
RE: The corner
22 Aug '14
Yes Wavey that corner again...

The corner with a DRILL COMMITMENT....

Lets say that again DRILL COMMITMENT...
mcfcnige
Posts: 2,927
Observation
Opinion:No Opinion
Price:15.75
View Thread (2)
RE: Malcy and Ben
22 Aug '14
We will get a free carry so maybe a higher share instead of cash ?

Larry said they normally aim for 25% share in return for full carry, maybe squeeze a little more in exchange for cash?

All speculation of course. :-)
Pegasusmarine
Posts: 585
Off Topic
Opinion:Strong Buy
Price:15.75
View Thread (2)
Malcy and Ben
22 Aug '14
Both in our corner. Both skeptics that have spoken to Larry with a no holds barred viewpoint and both coming to the same conclusion as some of us on this board.

I wonder how much cash the centrals farm-in will deliver for 3d backcosts - because it is not yet factored into the price yet alone the positive turnaround in sentiment ....

And more farm-outs to follow - Morocco will be quicker ..



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices
Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.